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The City Café

For those interested in sharing ideas and perspectives regarding local government.

DOUG MACDONALD

New car and truck sales rose almost 16% in February 2012 compared to the same month a year ago.[i]  Auto sales were up almost 24% as consumers snapped up fuel-efficient models due to higher gasoline prices.  Truck sales, up nearly 8%, were pulled up by Ford’s F-series trucks, which shot up 26%.    Ford F-series were also the most popular make by volume, selling 47,273.  Next highest were Toyota’s Camry, which sold 34,542.   Other most popular makes with high growth rates in February were:

1)     Ford Focus, up 115%,

2)     Nissan Altima, up 58%,

3)     Toyota Prius, up 52%,

4)     Honda Civic, up 42%,

5)     Toyota Camry, up 27%.

Among automakers, Chrysler sold 40% more autos in February 2012 than in 2011 at 133,521.  The largest seller, General Motors, sold 209,306 autos, but up only 1% from last year.  Foreign makes like Kia, Volkswagen and BMW registered more than 30% gains.

Analysts were generally optimistic about 2012’s continued strong auto sales.  “We don’t see any major risks to industry sales going below 14 million this year (up 12%),” said Jesse Toprak from TrueCar.com, which tracks sales and pricing.[ii]  U.S. car and truck sales troughed at 10.4 million sales in 2009 and then rose to 12.5 million sales by last year.[iii]  Automakers are also happy to get higher profits by giving away fewer incentives and all this despite higher gasoline prices.


[i] “Auto Sales Pick Up Pace Despite Gas Prices”, Nick Bunkley, New York Times, March 2, 2012.

[ii] Ibid.

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